German Confidence improve unexpectedly in April

Germany released the IFO survey for April, where the survey showed that the level of confidence in the German businesses improved in the month to 109.9 from 109.8, beating estimates of 109.5.

In addition, the current assessment survey showed that the confidence also improved to 117.5 from 117.4, beating estimates of 117.0. Furthermore, the IFO expectations survey reflected a steady reading of 102.7, beating estimates of 102.3.